Is Sutherland Asset Management (SLD) Outperforming Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of Sutherland Asset Management (SLD), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Sutherland Asset Management is a member of our Finance group, which includes 828 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SLD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SLD's full-year earnings has moved 4.52% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SLD has gained about 7.59% so far this year. In comparison, Finance companies have returned an average of -4.20%. This means that Sutherland Asset Management is outperforming the sector as a whole this year.
Looking more specifically, SLD belongs to the REIT and Equity Trust industry, which includes 31 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 3.98% so far this year, meaning that SLD is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track SLD. The stock will be looking to continue its solid performance.
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